Unitree Robotics (688836.SH) has launched its STAR Market IPO offering, with today (5th) serving as the preliminary book-building day. Tomorrow (6th), the company will determine the offering price, confirm investors with valid quotations and their subscription share allocations, while investors participating in the strategic placement will confirm the final allocation quantity and ratio.

After completion of the book-building process, the company will open subscriptions on August 10. Both online and offline subscriptions will take place on August 10, while the payment deadline will be August 12.

Unitree Robotics' IPO plans to issue 40.4464 million shares, representing 10% of the enlarged share capital after the offering. Total share capital after the issuance will be 404 million shares. The market estimates its IPO valuation may exceed RMB40 billion. Based on the STAR Market's new share subscription unit of 500 shares and the estimated IPO valuation, Unitree Robotics' IPO offering price is estimated at around RMB104 per share, with payment for one subscription lot amounting to approximately RMB52,000. However, the extent of deviation in the IPO book-building process remains subject to determination by market participants. (jl/)(A Shares quote is delayed for at least 15 mins.)